SPI Energy Co. Ltd. (SPI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4803 URBANI AVE. MCCLELLAN PARK, CA 95652 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 3,533 | 9,765 | 183,894 | 1,031 | 17,823 | |||
| Cash and cash equivalents | 3,533 | 9,765 | 156,540 | 1,031 | 17,823 | |||
| Short-term investments | 27,354 | |||||||
| Restricted cash and investments | 337 | |||||||
| Receivables | 23,991 | 24,687 | 22,654 | 14,710 | 43,807 | |||
| Inventory, net of allowances, customer advances and progress billings | 28,987 | 23,242 | 6,975 | 23 | 1,618 | |||
| Inventory | 28,987 | 23,242 | 6,975 | 23 | 1,618 | |||
| Prepaid expense | 2,468 | 5,166 | ✕ | |||||
| Asset, held-for-sale, not part of disposal group | 10,634 | 8,946 | ✕ | ✕ | ✕ | |||
| Deposits current assets | 3,865 | 2,506 | 497 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 4,267 | ||
| Costs in excess of billings | ✕ | ✕ | ✕ | 73,742 | ||||
| Other undisclosed current assets | 8,478 | 9,755 | 93,215 | 8,363 | 73,499 | |||
| Total current assets: | 81,956 | 84,067 | 381,314 | 24,127 | 141,014 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 14,152 | 13,923 | ✕ | ✕ | ✕ | |||
| Nontrade receivables | 234 | 268 | ✕ | ✕ | ||||
| Property, plant and equipment | 41,556 | 35,750 | 106,438 | 11,752 | 18,754 | |||
| Long-term investments and receivables | 69,606 | 69,606 | 11,101 | 33,553 | ||||
| Long-term investments | 69,606 | 69,606 | 7,536 | |||||
| Accounts and financing receivable, after allowance for credit loss | 11,101 | 26,017 | ||||||
| Intangible assets, net (including goodwill) | 7,483 | 8,329 | 66,605 | 1,132 | 1,703 | |||
| Goodwill | 4,896 | 4,896 | 66,045 | |||||
| Intangible assets, net (excluding goodwill) | 2,587 | 3,433 | 560 | 1,132 | 1,703 | |||
| Restricted cash and investments | 711 | 160 | 400 | 400 | ||||
| Deferred income tax assets | 479 | 168 | ✕ | ✕ | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | 958 | ||
| Other undisclosed noncurrent assets | 14,918 | 15,969 | 22,289 | |||||
| Total noncurrent assets: | 149,139 | 144,013 | 206,593 | 46,837 | 21,815 | |||
| TOTAL ASSETS: | 231,095 | 228,080 | 587,907 | 70,964 | 162,829 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 46,377 | 35,706 | 91,714 | 4,660 | 22,413 | |||
| Taxes payable | ✕ | ✕ | 3,648 | 69 | ||||
| Accounts payable | 30,405 | 25,612 | 76,778 | 3,919 | 15,709 | |||
| Accrued liabilities | 15,972 | 10,094 | 11,288 | 741 | 6,635 | |||
| Deferred revenue | 8,634 | 4,924 | ✕ | ✕ | ✕ | |||
| Debt | 10,064 | 9,120 | 48,286 | 4,250 | 28,601 | |||
| Derivative instruments and hedges, liabilities | 11 | |||||||
| Other liabilities | 33,762 | 541 | 1,841 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 244 | ||||
| Billings in excess of cost | ✕ | ✕ | ✕ | 862 | 4,935 | |||
| Due to related parties | ✕ | 10,603 | 34,150 | |||||
| Customer advances and deposits | ✕ | ✕ | ✕ | 17,690 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 124,622 | 113,485 | 26,696 | 50,366 | 60,576 | |||
| Total current liabilities: | 189,697 | 173,838 | 252,309 | 60,679 | 118,610 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 6,597 | 25,322 | 10,092 | 11,730 | 18,760 | |||
| Long-term debt, excluding current maturities | 6,597 | 12,800 | 32,575 | |||||
| Capital lease obligations | ✕ | ✕ | ✕ | 5,848 | ||||
| Other undisclosed long-term debt and lease obligation | (22,483) | 11,730 | 12,912 | |||||
| Liabilities, other than long-term debt | 16,929 | 2,970 | 32,431 | 1,422 | 1,337 | |||
| Accounts payable and accrued liabilities | 1,608 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 3,680 | ||||
| Deferred income tax liabilities | 2,673 | 2,970 | ✕ | ✕ | ✕ | |||
| Other liabilities | 27,143 | 1,422 | 1,337 | |||||
| Operating lease, liability | 14,256 | 12,522 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 30,967 | |||||||
| Total noncurrent liabilities: | 23,526 | 28,292 | 73,490 | 13,152 | 20,097 | |||
| Total liabilities: | 213,223 | 202,130 | 325,799 | 73,831 | 138,707 | |||
| Equity | ||||||||
| Equity, attributable to parent | 12,192 | 22,429 | 262,051 | (2,887) | 24,102 | |||
| Common stock | 3 | 3 | ||||||
| Additional paid in capital | 719,697 | 695,073 | 327,573 | 53,376 | 48,219 | |||
| Accumulated other comprehensive loss | (36,697) | (35,257) | (4,252) | (189) | (287) | |||
| Accumulated deficit | (670,811) | (637,390) | (61,270) | (56,074) | (23,830) | |||
| Equity, attributable to noncontrolling interest | 5,680 | 3,521 | ||||||
| Other undisclosed equity | 57 | 20 | 20 | |||||
| Total equity: | 17,872 | 25,950 | 262,108 | (2,867) | 24,122 | |||
| TOTAL LIABILITIES AND EQUITY: | 231,095 | 228,080 | 587,907 | 70,964 | 162,829 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 177,518 | 161,993 | 91,642 | 42,629 | 99,956 | ||
| Revenue, net | ✕ | ✕ | ✕ | 91,642 | 42,629 | 99,956 | |
| Cost of revenue | (163,033) | (151,373) | (81,540) | (45,398) | (91,362) | ||
| Cost of goods and services sold | (148) | (983) | (79,485) | (45,398) | (91,362) | ||
| Other undisclosed gross profit | 2,055 | ||||||
| Gross profit: | 14,485 | 10,620 | 12,157 | (2,769) | 8,594 | ||
| Operating expenses | (43,117) | (52,096) | (7,644) | (28,845) | (32,382) | ||
| Operating income (loss): | (28,632) | (41,476) | 4,513 | (31,614) | (23,788) | ||
| Nonoperating income (expense) | (3,099) | (1,904) | (6,669) | 183 | (1,720) | ||
| Investment income, nonoperating | 1,212 | 1,655 | 2,527 | ||||
| Gain (loss), foreign currency transaction, before tax | 2,564 | 2,694 | |||||
| Other nonoperating income (expense) | (746) | 472 | 2,313 | (688) | (182) | ||
| Interest and debt expense | (1,256) | (1,214) | (11,166) | 261 | (4,065) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 11,166 | (261) | 4,065 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (32,987) | (44,594) | (2,156) | (31,431) | (25,508) | ||
| Other undisclosed income from continuing operations before income taxes | 1,256 | 1,214 | |||||
| Loss from continuing operations before income taxes: | (31,731) | (43,380) | (2,156) | (31,431) | (25,508) | ||
| Income tax expense (benefit) | (1,992) | (1,454) | (3,040) | (813) | 80 | ||
| Other undisclosed income from continuing operations | 67,446 | ||||||
| Income (loss) from continuing operations: | 33,723 | (44,834) | (5,196) | (32,244) | (25,428) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (44,834) | (5,196) | (32,244) | (25,428) | |
| Loss from discontinued operations | |||||||
| Other undisclosed net loss | (67,446) | ||||||
| Net loss: | (33,723) | (44,834) | (5,196) | (32,244) | (25,428) | ||
| Net income (loss) attributable to noncontrolling interest | 302 | (657) | |||||
| Other undisclosed net loss attributable to parent | (302) | ||||||
| Net loss attributable to parent: | (33,723) | (45,491) | (5,196) | (32,244) | (25,428) | ||
| Other undisclosed net income available to common stockholders, basic | 302 | ||||||
| Net loss available to common stockholders, diluted: | (33,421) | (45,491) | (5,196) | (32,244) | (25,428) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (33,723) | (44,834) | (5,196) | (32,244) | (25,428) | ||
| Other comprehensive income (loss) | (4,063) | 98 | (110) | ||||
| Other undisclosed comprehensive income (loss) | (2,134) | (2,575) | |||||
| Comprehensive loss: | (35,857) | (47,409) | (9,259) | (32,146) | (25,538) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 996 | (392) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (34,861) | (47,801) | (9,259) | (32,146) | (25,538) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.